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Oleoresin Market 2023 - By Industry Demand, Key Players, Regional Overview And Forecast To 2032
Oleoresin Market
Oleoresin Market Size, Growth Rate, And Forecast
The global oleoresin market size is expected to grow from $1.45 billion in 2022 to $1.55 billion in 2023 at a compound annual growth rate (CAGR) of 7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global oleoresin market size is expected to reach $1.96 billion in 2027 at a CAGR of 6.1%.
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Oleoresin Market Drivers
The rise in demand for fast food is expected to propel the growth of the oleoresin market going forward. Due to hectic lifestyles, and less time for food preparation people's inclination towards the consumption of fast food rises which will increase demand for fast food. Oleoresin is the main ingredient that helps in providing flouring agents and food colorants for fast food products.
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Oleoresin Market Segments
• By Product: Paprika, Black Pepper, Capsicum, Turmeric, Ginger, Garlic, Onion, Seed Spice, Herbs, Other Products
• By Raw Material: Leaves, Seeds, Flowers, Roots, Berries, Other Raw Materials
• By Extraction Process: Solvent Extraction, Supercritical Fluid Extraction, Other Processes
• By Application: Food, Beverages, Fragrances, Pharmaceutical, Nutraceutical, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Oleoresin market.
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Oleoresin Market Key Players
Major competitors in the Oleoresin market include AVT Natural Products Ltd, Ozone Naturals, Akay Natural Ingredients Private Limited, Kalsec Inc., Paprika Oleo's India Limited.
The Business Research Company's "Global Oleoresin Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Oleoresin Market Include:
1. Executive Summary
2. Oleoresin Market Characteristics
3. Oleoresin Market Trends And Strategies
4. Oleoresin Market - Macro Economic Scenario
5. Oleoresin Market Size And Growth
....................
26. Africa Oleoresin Market
27. Oleoresin Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Oleoresin Market
29. Oleoresin Market Future Outlook and Potential Analysis
30. Appendix
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